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Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Post by BayStreetRaideron Dec 11, 2013 12:54pm
287 Views
Post# 21994988

No country for small cap players

No country for small cap players
Well, it's been a very expensive roller coaster ride for me. I honestly believed that this thing had turned the corner but here we are. I guess you never really know.

I find it frustrating how many people must have been 'in the know' for this thing to drop as much as it did over the last month, before today's release.

Todays NR coupled with the senior management departures and lack of insider buying does not look good at all. If the geology sucks, there is nothing you can do - it ends up being a never ending cash drain. I applaud management and engineers in doing their best but my journey ends here.

I'm out.

Good luck too all the people who still have faith.

 
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